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Mr Green profit slumps 80% as higher costs hit bottom line

8th May 2015 8:30 am GMT

Stockholm-listed casino operator Mr Green & Co has seen revenue rise 27 per cent during the first quarter of this year, though increased marketing expenses and sales-related costs prompted an 80 per cent decline in net profit for the period.

Revenue increased to SEK195.2m (€21.0m), with mobile comprising SEK58.4m, or 29 per cent, of the total.

The business’ expansion beyond its core Nordic markets has progressed to the point that European revenue now accounts for [...]

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